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11555 N Meridian St, # 400
Carmel, IN 46032

Merchants Bank of Indiana is headquartered in Carmel and is the 10th largest bank in the state of Indiana. It is also the 339th largest bank in the nation. It was established in 1923 and as of June of 2016, it had grown to 133 employees at 5 locations. Merchants Bank of Indiana has an A health rating.

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Health Grade Components

FDIC Certificate #8056
Year Established1923
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.25%
Return on Equity - YTD14.18%
Annual Interest Income$32.4MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$2.51B$2.23B
LoansQ2 2016vs Q2 2015$1.68B$1.38B
DepositsQ2 2016vs Q2 2015$2.25B$2.01B
Equity CapitalQ2 2016vs Q2 2015$229.5MM$181.4MM
Loan Loss AllowanceQ2 2016vs Q2 2015$6.0MM$5.0MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$3.5MM$728.00K
Real Estate OwnedQ2 2016vs Q2 2015$0$0

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Merchants Bank of Indiana Locations
Indianapolis Bank Branch3737 East 96th StreetIndianapolis, IN 46240
Spartanburg Branch6880 South Arba PikeLynn, IN 47355
Merchants Bank Of Indiana11555 N. Meridian Street, Suite 400Carmel, IN 46032
Merchants Bank Of Indiana Carmel Office Branch11590 North Meridian StreetCarmel, IN 46032
Lynn Branch7375 South Us Highway 27Lynn, IN 47355